#nvidia

#nvidia

As one of the most powerful growth stocks we've seen in generations, Nvidia ( NASDAQ:NVDA) has probably minted more millionaires than any other stock in recent history. Indeed, this company's 23,500% return over the past decade is one that would have allowed investors who bought this stock ten years ago to 235x their money over that time frame.

Over the past three years, stock has climbed by over 1,200% to dizzyingly high levels. It is now the most valuable company in the world and has a $4.63 trillion market capitalization. However, Nvidia is actually cheaper today than it was back then. Investors were proactive for a brief period in early 2023 as the stock went explosive, and many didn't wish to miss the train. Since then, the rally has turned more reactive. The stock price has been following Nvidia's earnings, so the premium paid for the stock has been shrinking.

The markets are looking to clinch a winning week as they eye the final stretch of 2025. As things stand, all three of the major stock market averages are little changed while the CBOE volatility index is up approximately 4.7% on the day. With the exception of Nvidia ( Nasdaq: NVDA), which is tacking on almost 2% on a new deal development, Big Tech stocks are aimless. The Nasdaq Composite is looking at a 22.1% gain for the year.

Well, that actually is a better segue to this next chart I was going to show you than I thought it would be, which is there's some suspicions going around that this whole thing has become a kind of circular money machine, that the hunt for growth, the hunt for justifying share prices and investment and valuations is leading to just money constantly passing hands to create the almost appearance of activity.

An office building in North San Jose gains new purpose as Nvidia transforms it into a data center. The company began leasing the nearly 100,000-square-foot property at 300 Holger Way late last year. Owned by a Menlo Equities affiliate, the site undergoes exterior renovations now, with full data center work set to start in December 2026 and finish by July 2027.

Fueling upside, Nvidia ( NASDAQ: NVDA) is racing even higher after Reuters said the company was looking to start shipments of its H200 chips to China early next year. "The report, which cited people familiar with the matter, said that the shipments are anticipated to total between 5,000 and 10,000 chip modules, or approximately 40,000 to 80,000 of H200 chips, added CNBC."

Another holiday-shortened trading week begins today, and the Vanguard S&P 500 ETF ( NYSEMKT: VOO) is feeling the Christmas spirit. The ETF opened up 0.6% Monday. Helping to fuel the rally is again Nvidia ( Nasdaq: NVDA), which plans to begin shipments of its H200 AI chip to China in February. Initial orders are said to total anywhere from 40,000 to 80,000 H200 chips.

When the billionaire chief executive of AI chipmaker Nvidia threw a party in central London for Donald Trump's state visit in September, the power imbalance between Silicon Valley and British politicians was vividly exposed. Jensen Huang hastened to the stage after meetings at Chequers and rallied his hundreds of guests to cheer on the power of AI. In front of a huge Nvidia logo, he urged the venture capitalists before him to herald a new industrial revolution,

Nvidia continues to expand its footprint in open source AI on two fronts: an acquisition and a new model release. The semiconductor giant announced Monday it acquired SchedMD, the leading developer of popular open source workload management system Slurm. Nvidia said the company will continue to operate the program, which is designed for high-performance computing and AI, as an open source, vendor-neutral software.

The most powerful of Nvidia's previous Hopper generation of graphics processing units (GPUs) made for training large language models, the H200 chips previously could not be sold in China, as the previous Biden administration had proposed rules limiting sales of advanced AI chips in the country. But the Department of Commerce last week gave Nvidia the nod to sell H200 GPUs in China, in exchange for a 25% cut of sales of those chips.

No company in the technology industry has benefited from the rise of artificial intelligence (AI) as much as Nvidia . Over the last three years, shares of the semiconductor giant have soared by more than 970% -- propelling its market cap to $4.5 trillion and making it the most valuable company in the world. By contrast, Alphabet's price action was fairly muted throughout much of the AI revolution -- up until recently.

Cofounders Chris Lattner and Tim Davis have spent decades building the software plumbing that sits beneath the modern tech industry. Lattner is famous for creating Apple's Swift programming language. He also built the software underpinning Google's TPU AI chips, with Modular cofounder Tim Davis. They're now aiming that expertise at CUDA itself. The attempt borders on madness, but it's the kind of audacious project that could transform the AI industry.

Nicholas J. Ganjei, U.S. Attorney for the Southern District of Texas, said: "These chips are the building blocks of AI superiority and are integral to modern military applications. The country that controls these chips will control AI technology; the country that controls AI technology will control the future." Ganjei's stark warning to anyone plotting to send Nvidia's top end chips to China came as US President Donald Trump gave the green light to Nvidia to ship its H200 parts to China,

Driving the news: Trump said on Truth Social that he'll allow Nvidia to sell H200 chips - the generation of chips before its current, more-advanced Blackwell lineup - to China, with the U.S. government pocketing a quarter of the revenue. He said he would apply "the same approach to AMD, Intel, and other GREAT American Companies." State of play: It's not dissimilar to a deal from earlier this year in which Nvidia and AMD agreed to give the U.S. 15% of the sales of its less-advanced H20 chip to China in exchange for export licenses.

"I have informed President Xi, of China, that the United States will allow NVIDIA to ship its H200 products to approved customers in China, and other Countries, under conditions that allow for continued strong National Security," Trump wrote in a Monday post to his social network, Truth Social. "President Xi responded positively!" he added, before stating "$25% will be paid to the United States of America" - a seeming reference to past suggestions that the administration would charge license fees on chip exports to China.